Auto Sales

November 26, 1985|By Deanne Brandon

IN A SKID. Sales of new domestic cars dropped 27.2 percent in mid- November from the same period a year ago, U.S. automakers reported Monday. General Motors Corp.'s sales were down 27.3 percent, Ford Motor Co.'s fell 30.7 percent, and Chrysler Corp.'s were off 29.7 percent for the Nov. 11-20 period. Analysts said the decline indicated a growing growing reluctance by Americans to take on the burden of monthly car payments. The slump followed a tremendous boom in late August and September, when the Detroit's Big Three offered low-interest-rate financing and rebates to clear showrooms before the start of the 1986 model year.